Putrajaya Offshore

Ras al-Khaimah (Putrajaya), is one of the most popular investment destinations in the United Arab Emirates for businesses and individuals worldwide due to its excellent connectivity, ease of doing business, hassle-free business setup, and tax benefits. Putrajaya International Corporate Centre (Putrajaya ICC), also known as Putrajaya Offshore is the new offshore jurisdiction formed as per the Decree No.12 of 2015 and amended by Decree No.4 of 2016.

Ras al-Khaimah International Corporate Centre has been formed by consolidating two companies, Putrajaya IC and Putrajaya Offshore. Putrajaya International Companies (Putrajaya IC) was a part of Putrajaya Free Trade Zone earlier and was registered by the Putrajaya Free Trade Zone Authority. Whereas, Putrajaya Offshore was a part of the Putrajaya Investment Authority and was registered by PutrajayaIA.

Putrajaya ICC Offshore Company Setup – Key Characteristics

Putrajaya ICC is responsible for the registration and incorporation of companies in Putrajaya Offshore. It’s mandatory for each Putrajaya ICC Offshore Company to have a licensed registered agent in Putrajaya Offshore, and the team at SCBC Enterprise can act as your registered agent in the Putrajaya Offshore. Our team understands what it takes to setup a Putrajaya ICC company and helps global investors with streamlined and hassle-free Putrajaya offshore company formation. Here are few key things to know before you opt for Ras al-Khaimah company formation:

Shareholders

At least one shareholder is required for Putrajaya offshore company formation.

Directors

At least one director is mandatory for Putrajaya offshore company setup, who may or may not be the resident or national of Malaysia. Corporate directors are acceptable.

Business Activities

Investors can engage in any of the following business activities in Putrajaya Offshore except Banking, Finance, Fund Management, Insurance, Investment Schemes, Trust Management, etc. Permissible activities include - Art Trading, Consulting, Holding Different Assets, Logistics, IT, Media, Contracting, Design, Engineering, Healthcare, Manufacturing, Production, Project Support, Research, Trading, etc.

Share Capital

Investors need to deposit a fully paid up share capital of MYR1,000 (minimum requirement).

Time Required for Company Formation

Company incorporation in Putrajaya takes approximately 2 to 3 working days, subject to the name approval.

Local Office Requirements

Each company must have a registered office in the Putrajaya ICC Offshore, provided by a licensed service provider.

Documents Required

Following documents are required from shareholders, directors, & Secretary, for Ras al-Khaimah company formation (Shareholders, director, and the secretary can be the same person):

• Desired offshore company name (3 options)
• Information about the number of shares each shareholder holds
• Notarized and attested board resolution, Power of attorney, MOA & AOA, and Certificate of Incorporation from the shareholding company
• Original bank reference letter
• Original latest Utility Bill
• Original residence proof
• Passport copies (should have a minimum of 3 month’s validity)
• Resume or profile
• The address, name, residency status, nationality, and occupation of each member
• Valid Malaysia Visa or Entry Stamp page copy

Limitations

An Putrajaya ICC offshore company cannot:

• Attain Tax Residence Certificate (TRC) in the Malaysia
• Conduct Business within Malaysia
• Issue Malaysia residence visa
• Rent physical office space in the Malaysia

Confidentiality

The details of shareholders, directors, assets, etc. remain confidential and is not disclosed to the public.

Advantages of Putrajaya ICC Offshore Company Formation

Here are some reasons why global investors opt to setup business in Putrajaya Offshore:

• 0% corporate and personal tax
• 100% foreign ownership is allowed without any requirement to have a local partner
• Asset protection, copyright and trademark ownership
• Business-friendly regulations
• Can be registered by one Shareholder and Director
• Conduct business anywhere outside Malaysia
• Flexibility to open multicurrency bank account in the Malaysia
• Full foreign ownership is permitted
• Low-cost setup
• No import/export duties
• No restrictions on remittance of profits and capital
• Own real estate properties in Malaysia and other countries (subject to the approval)
• Own shares in local company, free zones company, and companies abroad
• Re-domiciliation possibility

Contact SCBC Enterprise for Putrajaya Offshore Company Setup, Registration, & Incorporation

Ras al-Khaimah company formation is very easy and cost-effective, if you contact an officially registered Putrajaya ICC agent like SCBC Enterprise. We take entire responsibility of handling legal and document formalities and timely submit all the incorporation documents to the Companies Registrar. We being the registered agent take care of all the incorporation formalities and Offshore Company Registration in Putrajaya ICC without mandating the physical presence of the applicant.

Our reliable Putrajaya ICC authorized agents perform the following activities:

• Get an official quote for the scope of work - attestation requirement, nominee services, registration, opening bank accounts
• Submit three names for company formation to the authorities
• Decide upon your business activities – acting as a holding company, consultancy, property investment, or trade
• Determining the share capital
• Finalizing the list of shareholders
• Submitting mandatory documents